Eucador moves against US oil giant

ECUADOR began today to take over operations of US oil giant Occidental Petroleum Corp, the latest move in Latin America against foreign energy producers after nationalisation in Bolivia and growing state intervention in Venezuela.

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Nasdaq falls sixth day straight

US stocks ended lower today, with the Nasdaq falling for a sixth day, as lacklustre sales from retailers outweighed tame inflation data that raised expectations about an end to interest-rate increases.

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Coca-Cola sued over lead content

THE state of California and the city of Los Angeles sued drinks giant Coca-Cola Co today seeking to stop distribution of Coca-Cola made in Mexico amid concerns over its alleged lead content.

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UAE diplomat 'kidnapped' in Iraq

A UNITED Arab Emirates diplomat in Iraq is believed to have been kidnapped, the UAE's state news agency WAM said today.

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Miners 'can still sell story to US'

THE exclusive interview deal struck by the Nine Network with escaped miners Todd Russell and Brant Webb will not prevent them from selling their story to US broadcasters, the network says.

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